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Prepare for a Massive Market Meltdown


By Patrick   Follow   Wed, 14 Nov 2012, 2:46am PST   2,321 views   18 comments
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http://www.cnbc.com/id/49802535

Comments 1-18 of 18     Last »

zzyzzx   Wed, 14 Nov 2012, 3:02am PST   Share   Quote   Permalink   Like (1)   Dislike     Comment 1

Isn't Marc Faber one of those people who are always predicting this?

Patrick   Wed, 14 Nov 2012, 3:10am PST   Share   Quote   Permalink   Like   Dislike     Comment 2

Yes, he's known as "Mr. Doom" in some circles.

But he often has good reasoning, or at least interesting reasoning.

APOCALYPSEFUCKisShostikovitch   Wed, 14 Nov 2012, 3:21am PST   Share   Quote   Permalink   Like (5)   Dislike     Comment 3

Oh, he sounds absolutely cheerful to me

Patrick   Wed, 14 Nov 2012, 3:29am PST   Share   Quote   Permalink   Like (5)   Dislike     Comment 4

Next to you, he's an amateur.

uomo_senza_nome   Wed, 14 Nov 2012, 4:22am PST   Share   Quote   Permalink   Like (3)   Dislike     Comment 5

APOCALYPSEFUCK is Shostakovich says

Oh, he sounds absolutely cheerful to me

You will love this:

http://www.bloomberg.com/video/faber-expected-re-election-to-send-s-p-down-50-FQKRInPiRcKweo9Wj2ru6g.html

how to protect your financial assets?
"Buy a machine gun."
"No, really Mark."
You're right, buy a tank"

gbenson   Wed, 14 Nov 2012, 4:42am PST   Share   Quote   Permalink   Like (2)   Dislike     Comment 6

I am as *out* of the stock market as I can be. It's just a frigging casino at this point. Any sense of prices actually tracking company performance is all but gone.

upisdown   Wed, 14 Nov 2012, 4:47am PST   Share   Quote   Permalink   Like   Dislike     Comment 7

Anybody know of any tracking of Faber's predictions, similar to websites that follow Jim Cramer's "advice"?

REpro   Wed, 14 Nov 2012, 5:03am PST   Share   Quote   Permalink   Like   Dislike     Comment 8

Its alredy started a few days ago. Today DOW drop -200. Tomorrow maybe more.

curious2   Wed, 14 Nov 2012, 5:44am PST   Share   Quote   Permalink   Like   Dislike     Comment 9

Major market indices have dropped 10% since the election. To my surprise, even stocks that stand to profit from Obamacare (e.g. PhRMA) have dropped. Reporters are talking about the impending "fiscal cliff," so perhaps the market is wondering whose oxen will get gored. Will it be corporate and dividend tax rates, making stocks less attractive? Will it be Obamacare subsidies? Military contractors? One thing we don't need to fear though, Bubbles Ben won't run out of paper, so he can keep buying mortgage backed securities from his cronies, "helping homeowners" by reflating the housing bubble so debtors don't default.

APOCALYPSEFUCKisShostikovitch   Wed, 14 Nov 2012, 6:38pm PST   Share   Quote   Permalink   Like (5)   Dislike     Comment 10

uomo_senza_nome says

APOCALYPSEFUCK is Shostakovich says

Oh, he sounds absolutely cheerful to me

You will love this:

http://www.bloomberg.com/video/faber-expected-re-election-to-send-s-p-down-50-FQKRInPiRcKweo9Wj2ru6g.html

how to protect your financial assets?

"Buy a machine gun."

"No, really Mark."

You're right, buy a tank"

Faber gets my newsletter.

bmwman91   Thu, 15 Nov 2012, 2:14pm PST   Share   Quote   Permalink   Like   Dislike     Comment 11

I predict a massive rally within the next 3 months, for some sort of very apparent (as in all media outlets spout off about it just like they are with "fiscal cliff"), but nonsensical reason.

thunderlips11   Mon, 19 Nov 2012, 12:26am PST   Share   Quote   Permalink   Like   Dislike     Comment 12

Melmakian says

UT options are really popular with traders because stocks drop faster in price than they rise, as a general rule.

Yep, More stocks go to the Pinks than go to $100. The problem is timing it.

mell   Mon, 19 Nov 2012, 12:33am PST   Share   Quote   Permalink   Like   Dislike     Comment 13

Faber is good at sizing up international markets and general monetary policy and so far I have not seen him predicting a sell-off, rather inflation adjusted rising of most asset classes. He is not that doomy except for the end-game when US debt will eventually blow up or there will be a bond crisis. I am not sure if I agree with a dramatic crash, but I can see some volatility and stocks heading lower which already has started as some already stated. I think though that he is absolutely right in favoring most Asian markets - except for China and Japan - over US/European markets.

bmwman91   Mon, 19 Nov 2012, 3:20am PST   Share   Quote   Permalink   Like   Dislike     Comment 14

Well, big old market rally today.....

curious2   Mon, 19 Nov 2012, 3:27am PST   Share   Quote   Permalink   Like   Dislike     Comment 15

bmwman91 says

Well, big old market rally today.....

...as "Sales of Existing Homes Increase Unexpectedly in U.S."

doh! The article says the number of sales and the median price increased. I'm guessing hedge funds and equity funds are borrowing at low rates and buying lots of places. We'll see how that turns out for investors; it may be a hedge against inflation, but real gains would depend on household formation, future construction costs, and real wages among other things.

everything   Mon, 3 Dec 2012, 3:36am PST   Share   Quote   Permalink   Like   Dislike     Comment 16

Plenty of money around these days. One investor steps away, another has piles of money to take that place. You can see it in the way the market seesaws, up 100 down a 100, it's the new normal. Every time a new anomaly occurs the news reports in it then the SEC or whoever says, yeah well we put a computer program into place to make sure that does not happen again, the equities market can only crash so hard on any given day, they even halt trading on individual stocks now as well.

I also think with middle classes growing up all over the world we are seeing par stability as far as retail and wholesale spending go, which helps keep everything just kind of churning along. Jobless recoveries and higher unemployment are an example of that.

Mark D   Mon, 3 Dec 2012, 4:53am PST   Share   Quote   Permalink   Like   Dislike     Comment 17

there are always "experts" coming out with predictions for an economic Armageddon every year.

i missed a great buying opportunity earlier this year because of these anti-American, depressing, gloom & doom whackjobs. not going to fall for this crap again this year. i am all in now.

Mark D   Mon, 3 Dec 2012, 4:57am PST   Share   Quote   Permalink   Like   Dislike     Comment 18

zzyzzx says

Isn't Marc Faber one of those people who are always predicting this?

Faber, Schiff, Gelente, Kaiser (Report) and pretty much all gold/silver sellers...

Schiff admitted on this show that the reason he's no longer popular as he was during post-crash era is because there are way too many gloom & doom experts now.

like Rush Limpballs who scares white men for a living, these guys scare the working men.

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